Assenagon Asset Management S.A. Acquires Shares of 210,815 Atlas Energy Solutions Inc. $AESI

Key Points

• Assenagon Asset Management acquired 210,815 shares of Atlas Energy Solutions in the second quarter, valued at approximately $3.5 million and representing about 0.17% of the company.
• Institutional ownership stands at 34.59%, with several other investment firms recently initiating or expanding positions in Atlas Energy Solutions.
• AESI shares opened at $11.80, well below the $18.12 analyst consensus price target. Analyst sentiment is mixed, with four Buy, three Hold, and three Sell ratings.

Assenagon Asset Management S.A. bought a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 210,815 shares of the company's stock, valued at approximately $3,502,000. Assenagon Asset Management S.A. owned about 0.17% of Atlas Energy Solutions as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Atlas Energy Solutions during the second quarter valued at about $25,000. Quarry LP bought a new stake in Atlas Energy Solutions during the third quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Atlas Energy Solutions by 91,500.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,748 shares of the company's stock worth $26,000 after acquiring an additional 2,745 shares during the last quarter. Islay Capital Management LLC purchased a new position in Atlas Energy Solutions in the 4th quarter worth about $28,000. Finally, State of Wyoming acquired a new stake in shares of Atlas Energy Solutions during the first quarter valued at approximately $48,000. 34.59% of the stock is owned by institutional investors.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $11.80 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of -12.42 and a beta of 1.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82. Atlas Energy Solutions Inc. has a twelve month low of $7.64 and a twelve month high of $20.13. The firm's 50 day moving average price is $14.30 and its two-hundred day moving average price is $14.09.

Analysts Set New Price Targets

A number of research firms recently commented on AESI. Royal Bank Of Canada dropped their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 5th. Weiss Ratings cut shares of Atlas Energy Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, August 7th. Stifel Nicolaus decreased their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Citigroup lowered their target price on shares of Atlas Energy Solutions from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Finally, Raymond James Financial upgraded Atlas Energy Solutions from a "market perform" rating to an "outperform" rating and set a $25.00 price objective for the company in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Atlas Energy Solutions presently has an average rating of "Hold" and a consensus price target of $18.12.

Atlas Energy Solutions Profile

Atlas Energy Solutions NYSE: AESI is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.

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